Even investment experts will find it difficult to understand all the technical standards that are required when advising investors. The growth of compliance and legal staff in Private Banks and Asset Management firms is not only expensive (paid for with your fees) but not always as effective as desired. Careful vetting of any new adviser is something that may only be achieved with the aid of a neutral consultant.
How do Fiduciary Advisers work (CNBC)
The Year in Charts, quiz edition
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